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China's home prices generally stable in July

Economy

China's home prices in 70 large and medium-sized cities displayed a generally stable trend in July, according to data released by the National Bureau of Statistics on Monday.

XinhuaUpdated:  August 15, 2022
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China's home prices in 70 large and medium-sized cities displayed a generally stable trend in July, according to data released by the National Bureau of Statistics on Monday.

Vehicles run at the Central Business District (CBD) in Chaoyang District in Beijing, capital of China, June 6, 2022. (Xinhua/Ju Huanzong)

New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- edged up 0.3 percent month on month in July, according to the data.